In this section "practising fee", in relation to an approved regulator, means a fee payable by a person under the approved regulator's regulatory arrangements in circumstances where the payment of the fee is a condition which must be satisfied for that person to be authorised by the approved regulator to carry on one or more activities which are reserved legal activities.
An approved regulator may only apply amounts raised by practising fees for one or more of the permitted purposes.
The Board must make rules specifying the permitted purposes.
Those rules must, in particular, provide that the following are permitted purposes—
A practising fee is payable under the regulatory arrangements of an approved regulator only if the Board has approved the level of the fee.
The Board must make rules containing provision—
Rules under subsection (6)(c) must, in particular, contain—
In this section "relevant authorised persons", in relation to an approved regulator, means persons who are authorised by the approved regulator to carry on activities which are reserved legal activities.